Discussion Paper 2012-230—Private Company Decision-Making Framework

The purpose of this Invitation to Comment is to gather input from interested stakeholders about the appropriateness, completeness, and cost effectiveness of the draft decision-making framework. The ultimate objective of the project that this Invitation to Comment is a part of is to develop a decision-making framework for the FASB and the PCC to use in determining whether and in what circumstances to adjust recognition, measurement, disclosure, display (presentation), effective date, or transition requirements for private companies reporting under U.S. generally accepted accounting principles (GAAP).

For more information, see the following:

Issued: July 31, 2012

Comments Due: October 31, 2012